Bright - News: Property
Listed below are all news items related to the Property category:
Marbella Town Hall seals off new development in Artola Alta
Rosario Flores
The developers started work on 58 flats before the plans were given their final approval by the local authority
October 2, 2006 | Read more... | Category: Town & Country Planning
Inland real estate firms investigated for selling illegal country properties
Pilar R. Quirós | Sur in English
Agencies allegedly offer houses for sale without checking the paperwork. Seprona will take all cases of illegal construction on country land to court.
September 5, 2006 | Read more... | Category: Real Estate and Investment
Bulgaria? Beware
The Sunday Times July 16, 2006
British buyers on the Black Sea may have to face some hard facts, says Sarah Marks
July 17, 2006 | Read more... | Category: Property
Slowest rise in housing prices for past 4 years.
This weekend Spain's Director General of Arquitecture and Housing Policy announced that in 2005 prices of property in Spain rose by just 12.8 percent, the slowest rise for the past four years.
June 11, 2006 | Read more... | Category: Property
New land laws for Spain
On Friday the Spanish cabinet approved the draft of a new land law which the government hopes Hill counteract the real estate speculation which is considered to be one of the main causes of the high price of property in Spain.
June 11, 2006 | Read more... | Category: Town & Country Planning
Spanish Property News Roundup
Mark Stucklin / News provided by Spanish Property Insight
Here is a the monthly round up for all the related news to Spain´s proprety market. If you need further information then visit Mark´s site.
May 4, 2006 | Read more... | Category: Building and construction news
Junta orders water and light to be cut off at illegal sites in Alfarnatejo and Benahavís
R. Flores/A. Peláez / SUR
The Junta has stepped in as the local councils have done nothing. The Department of Public Works at the Andalusian Government has ordered the water and electricity supplies to be cut off at two building sites, one in the municipality of Alfarnatejo and one in Benahavís, both of which are in the province of Malaga, as they contravene planning regulations.
March 18, 2006 | Read more... | Category: Town & Country Planning
Seventy per cent of land freed under the new town plan in Antequera to be developed
Carmen Martín / SUR
The town planning agreements that Antequera Town Hall demanded from private developers who are interested in developing re-classified land under the new master town plan have now been signed.
The Mayor of Antequera, Ricardo Millán, made the announcement last week, adding that with these agreements the development of 70 per cent of this new building land will be guaranteed.
March 18, 2006 | Read more... | Category: Town & Country Planning
Real estate firm charged with swindling property buyers
M. J. Cruzado / SUR
A judge in Malaga has charged the owners of the development and real estate company Aifos. J.R.C. and his wife, M.T.M., with fraud after 16 clients reported that their contracts had not been respected.
According to a judicial decree dated February 27th, “there are sufficient reasons for considering that this is a case of a crime of fraud”, as this couple “sold to third parties, via different companies, numerous properties allegedly under construction when they did not even have the municipal licence to start building work, and this formed part of a pre-conceived plan to obtain capital illicitly”.
March 18, 2006 | Read more... | Category: Real Estate and Investment
The public prosecutor wants to put Cómpeta Mayor in gaol for a year for breaking planning laws
Agustín Peláez / SUR
The Junta says numerous houses have been erected on non-building land despite orders to adhere to the regulations
March 18, 2006 | Read more... | Category: Town & Country Planning
'Slowdown' as Spanish property rises 12%
Kevin Barnett / Spanish Property News
Property growth forecasts by leading Spanish banks were spot-on at 12 per cent for last year and they are forecasting the same again for 2006.
March 18, 2006 | Read more... | Category: Real Estate and Investment
Spanish property market remains healthy
Assetz
The latest statistics from the Spanish government reaffirm the fact that property investment in Spain remains one of the most sensible options for UK residents looking to enter a foreign property market.
March 18, 2006 | Read more... | Category: Real Estate and Investment
Illegal building: The expat nightmare
Ian Frewer / Expatica
Spain is notorious for illegal builders, but how bad is the problem really?
March 18, 2006 | Read more... | Category: Building and construction news
Fall in property sales in the province of Malaga leads to rise in rentals
Almudena Nogúés / SUR in English
Around 1,400 new estate agencies had opened in the last two years but some of them have already closed. It takes three times as long to sell as a few months ago.
February 28, 2006 | Read more... | Category: Real Estate and Investment
Spanish Property News Roundup January to February
Mark Stucklin / News provided by Spanish Property Insight
Here is a the monthly round up for all the related news to Spain´s proprety market. If you need further information then visit Mark´s site.
February 7, 2006 | Read more... | Category: Building and construction news
Distressed sales on the Costas
Mark Stucklin / News provided by Spanish Property Insight
It's a buyers' market on the Costas - with a glut of off-plan investors desperate to sell before having to complete. Prices are plummeting, so is it time to go bargain-hunting?
Read NewsJanuary 25, 2006 | Read more... | Category: Building and construction news
Spanish Property News Roundup Decemeber to January
Mark Stucklin / News provided by Spanish Property Insight
Here is a the monthly round up for all the related news to Spain´s proprety market. If you need further information then visit Mark´s site.
January 10, 2006 | Read more... | Category: Building and construction news
Marbella has to hand over responsibility for town planning
Sur in English
When the Junta de Andalucía declared this week that it was taking over responsibility for town planning in Marbella, the top Costa del Sol resort became the only town in Spain to lose control over this vital concern.
December 7, 2005 | Read more... | Category: Town & Country Planning
Spanish Property News Roundup September to October
Mark Stucklin / News provided by Spanish Property Insight
Here is a the monthly round up for all the related news to Spain´s proprety market. If you need further information then visit Mark´s site.
December 7, 2005 | Read more... | Category: Building and construction news
Spanish Property News Roundup November to December
Mark Stucklin / News provided by Spanish Property Insight
Here is a the monthly round up for all the related news to Spain´s proprety market. If you need further information then visit Mark´s site.
November 8, 2005 | Read more... | Category: Building and construction news
Arenal 2000 Providing Invalid Bank Guarantees to Clients
Marbella Lawyers
The situation with Arenal´s bank guarantees was bought to our attention when we received a batch of 15 original bank guarantees from the developer. These original documents, issued by a company named Compagnie des Garanties S.A, were subjected to the normal search our firm carries out, and the following surfaced: The above company, Compagnie des Garanties de Luxembourg, is not registered in Spain as a company, does not have an office and most importantly, is listed in the Ministry of Economy website, Insurance General Directorate section, as NOT being authorised to provide any service related to insurance in Spain.
November 8, 2005 | Read more... | Category: Building and construction news
Costa property developers are up in arms over the new land law
Pilar Martínez / SUR in English
They warn that it could put a stop to growth in the construction sector. They say that reserving 30% for protected housing is not feasible
Andalusian property developers, construction companies and hotel owners are ready to start a war and the motive is the recently approved Measures for Protected Housing and Land Law. The sectors which are the mainstay of the local economy - construction and tourism - have warned that these measures will stop residential housing growth and block tourism development.
November 8, 2005 | Read more... | Category: Town & Country Planning
Marbella Town Hall demands that all new buildings have solar panels installed
SUR in English / Cristina González
The regulation, initially approved a recent plenary session of the Town Hall, means that all new buildings must use this form of alternative energy
The measure is mainly for public sector buildings
Read News...
November 2, 2005 | Read more... | Category: Town & Country Planning
Supply and demand in the property sector
Offer and demand decide the price. What is the present supply of dwellings in Spain, and what is the demand, on the internal and international market?
By / FIPE
October 22, 2005 | Read more... | Category: Real Estate and Investment
Tax warning on overseas holiday homes
The Inland Revenue is targeting people who buy property abroad through a company
The Sunday Times - Money
MANY people who own properties overseas could be hit by unexpected tax bills running into thousands of pounds.
October 3, 2005 | Read more... | Category: Tax issues
Is a pension fund the best home for your money?
The Sunday Times - Money
HOMEOWNERS will be able to put residential property, including overseas homes, into their pensions from April next year. But is this always the right thing to do? We examine the arguments.
October 3, 2005 | Read more... | Category: Pensions and SIPPS
Land grab law faces the axe
Valencia’s hated LRAU ‘land-grab law’ has its days numbered after eight years of controversy.
The CB Friday
September 30, 2005 | Read more... | Category: Town & Country Planning
White lies, black money
Chris Wilson / Expat Telegraph
The recently installed socialist government has decided to get tough on tax cheats and money launderers and the booming property market is a number one target.
Read News...
September 9, 2005 | Read more... | Category: Real Estate and Investment
Four municipalities on the Western Costa del Sol to build 200,000 new homes
Estepona and Mijas plan 82,000 and 71,000 new homes, respectively, while the Master Town Plan for Marbella includes the building of only 50,000 new housing unit.
SUR in English
The latest Territorial Plan for the Costa del Sol (POT) indicates that the population of the Costa del Sol could rise to 1.7 million by 2015.
Read News...
September 9, 2005 | Read more... | Category: Building and construction news
Residential developments demand more sport and leisure facilities these days
Buyers are demanding a better quality of life: Paddle tennis, spas, gymnasiums and high-tech buildings are now being provided for new owners
Almudena Nogués / SUR in English
To enjoy the luxury of a swimming pool and tennis court is no longer the reserve of the super rich. These days, buyers of properties in ordinary residential developments demand, and are being provided with, the type of sporting and leisure facilities that used to be available only in the most expensive complexes. The developers have taken note of this new demand, and are catering to it. Read News...
September 9, 2005 | Read more... | Category: Building and construction news
House price inflation slows to near zero
Chris Giles Economics Editor / Financial Times
House prices in England and Wales fell for the sixth month in a row in August, according to the FT house price index, the most reliable guide to the prices achieved by sellers in the property market, published on Friday. Read News...
September 9, 2005 | Read more... | Category: Real Estate and Investment
The global housing boom
In come the waves
The Economist
NEVER before have real house prices risen so fast, for so long, in so many countries. Property markets have been frothing from America, Britain and Australia to France, Spain and China. Rising property prices helped to prop up the world economy after the stockmarket bubble burst in 2000. What if the housing boom now turns to bust?
Read News...
September 9, 2005 | Read more... | Category: Real Estate and Investment
Homeowners: Upside-down is no way to be
Americans own a lower percentage of their homes than in the past, increasing risk.
By Les Christie, CNN/Money
As more and more people have rushed to be homeowners, they actually own less of their homes than they have in decades...adding another risk factor to the overheated real estate market.
Read News...
September 9, 2005 | Read more... | Category: Mortgage
The price of new housing drops for the first time in recent years on the Costa del Sol
Cristina González / Costa del Sol News
A new report reveals declining sales figures on the western coastline
The building market on the Costa del Sol is slowing down, after many years of galloping growth and a landscape of high cranes right across the area.
September 8, 2005 | Read more... | Category: Real Estate and Investment
SIPPs to pour £10bn into housing market
In2perspective
Savers will pour £8.5 billion into Britain’s housing market from next April, with the introduction of new rules that allow people to spend their pensions on homes, say Hargreaves Lansdown.
Read News...
August 8, 2005 | Read more... | Category: Property
Everyone agrees all is well. It isn't!
Money Week
Mortgage costs are rising, sales volumes have collapsed, and house prices are on the way down. Yet even in the face of these steadily deteriorating fundamentals, estate agents, mortgage lenders, industry insiders and much of the press continue to claim that all is well in the property market. For estate agents in particular, all news is good news as far their predictions about the market are concerned. Rarely do you get to hear that any segment of the housing market is weak, at least not until after the event, when they’re often happy to report that the market is now better than before. These upwards-only commentators famously led us into the 1990-1994 housing crash by telling us not to worry, all was well. And today, most agents and agency bodies are forecasting solid house-price growth forever. My bet? They’ll continue to do so until well into the downturn.
Read News...
August 1, 2005 | Read more... | Category: Real Estate and Investment
'Property pensions' only for wealthy
BBC
New rules allowing the purchase of property through a pension will be inappropriate for most people, the government has admitted.
August 1, 2005 | Read more... | Category: Real Estate and Investment
What to do about the housing crash?
Money Week
Many still consider it premature to suggest that the UK residential housing market is about to crash, or is indeed already crashing. They therefore also think it premature to consider the impact that a housing crash might have on the economy. However, the fact is that many of the housing market statistics that we watch have greatly deteriorated in recent months - house price to income ratios make houses look even more expensive than they did before the 1989 crash, for example. For us, that implies that thinking about the economy in terms of a house price crash is a more pertinent thing to do than it has been for more than a decade.
August 1, 2005 | Read more... | Category: Real Estate and Investment
The Mortgage Trap
Money Week
If you’re thinking of switching to an interest-only mortgage, don’t, says James Ferguson
August 1, 2005 | Read more... | Category: Property
Residential property: not waving but drowning
Money Week
Most people now agree that the housing market is vulnerable to a sell-off. But will it be a mild slowdown, or a Nineties-style crash? James Ferguson reports.
August 1, 2005 | Read more... | Category: Real Estate and Investment
One-Year Handover Delays At “El Soto De Marbella”
Andalucía 24Horas - 2005-07-07
The MENA Group announces a delay in the handover of 60 properties currently being built in phase 2 of the “El Soto de Marbella” development.
Read News...
July 8, 2005 | Read more... | Category: Building and construction news
Development by Aifos stopped by Coin Town Hall
Andalucía 24Horas - 2005-06-24
The Town Hall approves a decree forbidding the building of any developments in the area called “El Nacimiento de Los Llanos”. The project authorized by the previous Town Hall government allowed the building of a thousand homes and a golf course.
Read News...
July 8, 2005 | Read more... | Category: Building and construction news
Environmental Irregularities By Aifos In Valle Del Rosario
Andalucía 24Horas - 2005-06-15
The enormous project by Aifos “Valle del Rosario del Golf” provokes social and environmental issues in Villanueva del Rosario.
July 8, 2005 | Read more... | Category: Building and construction news
Works At Jardín Tropical Have Still Not Recommenced
Devwatch - 2005-06-13
The developer, Larios 2000, whose only administrator is G.M.C., reported that works had been paralysed due to the fact that their financing entity discontinued payments as a consequence of a judicial decree handed down in September 2004 in Melilla.
July 8, 2005 | Read more... | Category: Building and construction news
The Judge Ruling In The “Ballena Blanca” Case Extends The Sub Judice Rule
Europa Sur Digital - 2005-06-01
He judge dealing with the operation known as “Ballena Blanca” has decided to continue the sub judice rule for one more month.
July 8, 2005 | Read more... | Category: Building and construction news
Grupo Suite Denounced for Serious Town Planning Irregularities
Devwatch: 2005-05-26
The development and construction company Grupo Suite has been denounced by the community in Urbanización Pinares de San Antón for alleged town planning violations in the San Antón forest.
July 8, 2005 | Read more... | Category: Building and construction news
Tourists buy homes after ten visits
In the next six years, one million holidaymakers will make their home here
Cristina Gonzalez: Sur in English
July 4, 2005 | Read more... | Category: Real Estate and Investment
The regional High Court annuls Marbella building licences and stops work on over 700 homes
The last two permits to be revoked affect projects in Las Chapas and on La Ermita industrial estate
The Andalusian High Court has also made the GIL council’s changes to the Town Master Plan void
Cristina González: Costa del Sol News
July 4, 2005 | Read more... | Category: Building and construction news
Land grab laws in Valencia under review
European Commission:LRAU-law in conflict with EU directives!
The Valencian government has been taken seriously to task by the European commission when it comes to the stipulations in the ill famous LRAU-law when it comes to how the town halls are permitted to accept proposals for urbanization plans.
July 4, 2005 | Read more... | Category: Real Estate and Investment
Hoteliers and speculators search for the last free spaces on the Costa de la Luz
Hoteliers and speculators search for the last free spaces on the Costa de la Luz
Jorge Garret: Sur in English
Town Halls in Cadiz and business people are making plans for tourism in areas that have so far remained virgin territory, such as Trafalgar, El Palmar, Punta Paloma and Los Lances
There is no more land left for building in the municipalities of the Cadiz Bay area
July 4, 2005 | Read more... | Category: Building and construction news
Up to10,000 houses in the Axarquía illegal under terms of new planning law
The proposed law creates a new ‘soft development’ (urbanización blanda) to legalise existing houses. It rejects the demands of mayors to allow the building of houses on rural.
Read Article...
June 10, 2005 | Read more... | Category: Town & Country Planning
Too many real-estate agencies in the province
A study into the business on the Costa del Sol, carried out by the Aguirre Newman property consultants, puts it like this: It’s not that fewer properties are being sold, but that it takes longer to sell them.
June 10, 2005 | Read more... | Category: Real Estate and Investment
Sales tactics,good and bad
Some estate agents will go to extraordinary lengths to sell a house or apartment. The line between legal and illegal is thin
Read Article...
June 10, 2005 | Read more... | Category: Real Estate and Investment
One hundred San Pedro residents discover the Junta de Andalucía has plans for their land
They are the owners of small plots on the El Potril estate, where the Andalusian Government envisages putting up a small university or a logistics centre
The lawyer representing them says that the various plans are contradictory
May 29, 2005 | Read more... | Category: Town & Country Planning
The Junta’s preliminary town plan for Marbella legalises 85 per cent of the illegal housing
Those who will benefit from the arrangement will have to pay for the creation of open spaces
Developments that have destroyed green areas or thoroughfares remain outside the scope of the plan
May 26, 2005 | Read more... | Category: Town & Country Planning
The price of new housing drops for the first time in recent years on the Costa del Sol
A new report reveals declining sales figures on the western coastline
May 26, 2005 | Read more... | Category: Real Estate and Investment
Britons ‘supersize’ in Spain
Increasing numbers of Brits investing in Spain are buying larger properties fuelled by a surge in equity released from their own homes in the UK, according to The Norwich and Peterborough Building Society (N&P).Read Article...
May 15, 2005 | Read more... | Category: Real Estate and Investment
Guaranteed rental schemes: France vs Spain
Guaranteed rental schemes on overseas property can offer cast-iron rental income for an agreed number of years with a minimal amount of bother, but investors should look beyond the headline rental income offered per year, warns property investment specialist Assetz. French leaseback schemes are inflexible but offer great long-term investment opportunities. Spanish schemes are more suited to holiday home owners, but there are few long term guarantees.Read Article...
May 15, 2005 | Read more... | Category: Real Estate and Investment
Europeans increasingly buying second homes
The trend for Europeans buying a second home is growing, but it is probably not the time to buy as an investment, according to the European Housing Review.Read Article...
May 15, 2005 | Read more... | Category: Demographics
Spanish resale homes boom
Prices of resale homes in Spain are rising faster than those for new-builds for the first time in a decade, as ex-pats go in search of the 'Real Spain' inland areas in preference to the booming coastal locations.Read Article...
May 15, 2005 | Read more... | Category: Real Estate and Investment
Property: Fly to let
Rising UK house prices and the advent of cut price airline travel have helped fuel the overseas property investment boom. Helen Pridham explores the case for buying abroadRead Article...
May 15, 2005 | Read more... | Category: Real Estate and Investment
Domicile is expat key to inheritance tax
Expats who assume they are not liable to British Inheritance Tax (IHT) because they are no longer UK residents risk leaving a tax bombshell.Read Article...
May 15, 2005 | Read more... | Category: Tax issues
Marbella politicians clash over demolition of illegal buildings
The PP spokesman considers that pulling buildings down is “extreme” Read Article...
May 15, 2005 | Read more... | Category: Town & Country Planning
Law is changed to stop planning chaos
The Junta will have the authority to take power to grant planning permission away from Town Halls Read Article...
May 15, 2005 | Read more... | Category: Town & Country Planning
The Housing Minister in favour of the building of mini-apartments for young people
The idea is criticised by consumer organisations and the opposition as being a return to post-war housing Read Article...
May 15, 2005 | Read more... | Category: Town & Country Planning
Nine out of every ten new homes being built have two or three bedrooms
Apartments account for 90 per cent of the new property offer for the coming year. The average size of detached houses is 220 square metres and the average cost is 470,000 euros. Read Article...
May 11, 2005 | Read more... | Category: Real Estate and Investment
New home owners all over Malaga province complain about poor building standards
Experts claim that all new homes in Malaga have defects. Many of these new owners are taking the builders to court. Read Article...
May 11, 2005 | Read more... | Category: Spanish property law updates
Torremolinos does not discriminate against foreigners, says EU commission
People with second homes in the town all receive the same treatment, regardless of their nationality. Read Article...
May 8, 2005 | Read more... | Category: Spanish property law updates